Join Date: Sep 2010
Location: BC Canada - 604
worldwide is offline
Re: I remember when gas was .35 a gallon
umm.. prove me wrong.
especially you, 90blues10. show me some proof that the amount of oil being pulled out of the ground and refined into gasoline on a daily basis is significantly higher than the amount that is being burned by the world economy. supply is low, the total amount of oil being extracted from the earth has not been able to keep up with demand since at least 2005. for every new reserve found, one of the old reserves goes offline. world production peaked in 2005, but demand kept rising, therefore a run up in prices that indirectly caused the economic collapse of 2008. when the world economy starts to pick up again there will be a major run up in prices followed by another economic collapse. the remaining oil in the world will be sold to the highest bidder, most likely china. how can America afford to buy oil on the world markets anymore when they waste all of their money on wars and don't create anything of value to the rest of the world anymore. china has the manufacturing capacity, china has the money, they will buy the oil. end of story.
go ahead, ignore me, tell me i need to study economics. go bury your heads in the sand. you can choose to remain ignorant. no sweat off my back.
1995 S10 2x4 LS 4.3L tbi mostly stock. 119,000 miles
flexalite #180 E-fan, A/C delete